Shipbuilding
Dorian LPG Takes Delivery of Eighth Newbuild
Liquefied petroleum gas shipping company Dorian LPG has taken delivery of the ECO VLGC Constitution from Korean shipbuilder Hyundai Samho Heavy Industries. Constitution is Dorian LPG’s eighth newbuilding delivery and will be operated in the newly launched Helios LPG Pool, Dorian said. Including the
Dorian LPG Takes Delivery of Eighth Newbuild
Liquefied petroleum gas shipping company Dorian LPG has taken delivery of the ECO VLGC Constitution from Korean shipbuilder Hyundai Samho Heavy Industries. Constitution is Dorian LPG’s eighth newbuilding delivery and will be operated in the newly launched Helios LPG Pool, Dorian said. Including the
The High Tide for Tanker Owners Soon to Be Over?
A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of Drewry’s Tanker Forecaster. Tanker owners have enjoyed high freight rates over the recent period, particularly in the dirty tanker market,
The High Tide for Tanker Owners Soon to Be Over?
A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of Drewry’s Tanker Forecaster. Tanker owners have enjoyed high freight rates over the recent period, particularly in the dirty tanker market,
Fleet Growth Turns Up the Heat on LNG Carriers
Liquefied natural gas (LNG) carrier freight rates have come under severe pressure due to rising fleet supply and stabilising LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment
Fleet Growth Turns Up the Heat on LNG Carriers
Liquefied natural gas (LNG) carrier freight rates have come under severe pressure due to rising fleet supply and stabilising LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment
Norwegian Shipowners Say NO to Beaching
Norwegian Shipowners Association has said NO to hazardous beaching of ships, thus becoming the first country to discourage its shipowners from such practices. “As an industry, we cannot defend scrapping of ships in a way that endangers people’s health and puts the environment at risk. Therefore we s
Norwegian Shipowners Say NO to Beaching
Norwegian Shipowners Association has said NO to hazardous beaching of ships, thus becoming the first country to discourage its shipowners from such practices. “As an industry, we cannot defend scrapping of ships in a way that endangers people’s health and puts the environment at risk. Therefore we s
Chemical Tankers Reap Fruits from Product Tanker Demand
The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of D
Chemical Tankers Reap Fruits from Product Tanker Demand
The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of D
VIDEO: Norwegian Escape Floated Out
The 164,600-gt cruise ship Norwegian Escape, built for the U.S. cruise operator Norwegian Cruise Line, was floated out of Meyer Werft’s covered building dock II on August 15th, after merely 18 months of construction in Papenburg, Germany. The new ship will now be subjected to more tests to be carrie
VIDEO: Norwegian Escape Floated Out
The 164,600-gt cruise ship Norwegian Escape, built for the U.S. cruise operator Norwegian Cruise Line, was floated out of Meyer Werft’s covered building dock II on August 15th, after merely 18 months of construction in Papenburg, Germany. The new ship will now be subjected to more tests to be carrie
Cardiff Marine Orders Four Aframaxes from Hangtong
China’s Jiangsu Hangtong shipyard informed today that it has signed a contract with Greek shipowner Cardiff Marine on construction of four 115,000 DWT Aframax oil tankers. Under the deal, which includes an option for two additional tankers of the same typee, Cardiff Marine is expected to take the de
Cardiff Marine Orders Four Aframaxes from Hangtong
China’s Jiangsu Hangtong shipyard informed today that it has signed a contract with Greek shipowner Cardiff Marine on construction of four 115,000 DWT Aframax oil tankers. Under the deal, which includes an option for two additional tankers of the same typee, Cardiff Marine is expected to take the de